Gene Grams is a 45% owner of a calendar year S corporation during 2014. His beginning stock basis is $230,000, and the S corporation reports the following items.

Name: Gene Grams is a 45% owner of a calendar year S corporation during 2014. His beginning stock basis is $230,000, and the S corporation reports the following items.
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The Answer of Gene Grams is a 45% owner of a calendar year S corporation during 2014. His beginning stock basis is $230,000, and the S corporation reports the following items.

Gene Grams Is a 45% Owner of a Calendar Year